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Forecast and analytics – 11 September 2018

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BTC/USD

BTC/USD is trading at $6,449 and continues to move within the Triangle model. The coin is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates a continuing downward trend.
In favor of continuing the decline, a resistance area test and a bounce from the upper bound of the Triangle model can also happen. To expect confirmation of further drop in quotes of BTC/USD is with the breakdown of the lower bound of the Triangle model and the closing below the level of $6,150.

BTC/USD Forecast and analytics 11 September 2018BTC/USD Forecast and analytics 11 September 2018
BTC/USD Forecast and analytics 11 September 2018

As part of the forecast for September 11, we can wait for an attempt of correction of the coin and test resistance in the $6405 area, from which further drop in price is possible with a target at $5750.
The abolition of the decline option will be strong growth and breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations above the $6800 area, which will indicate a change in the downward trend

ETH/USD

ETH/USD is trading at $193 and continues to move within the limits of the decline. The coin is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a downward trend. An additional signal in favor of the fall of the cryptocurrency will be a test of the resistance level, as well as a bounce from the upper boundary of the descending channel. Expect to accelerate the fall in quotes ETH/USD is with the breakdown of the support area and closing below the level of $185.

ETH/USD Forecast and analytics 11 September 2018
ETH/USD Forecast and analytics 11 September 2018

As part of the forecast for September 11, one can expect an attempt to develop correction and testing the area of Ichimoku Kinko Hyo signal lines near the level of $210, from which we should expect a bounce and an attempt to continue falling of ETH/USD with a target below $165.
The cancellation of the fall option will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud and a close above the $245 area, indicating a change in the downward trend.

XRP/USD

XRP/USD is trading at $0.2699 and continues to move within the Triangle model. The coin is traded below the lower boundary of the Cloud of Ichimoku Kinko Hyo, indicating a downward trend. An additional signal in favor of lowering XRP/USD will be a test of the resistance area, as well as a test of the upper boundary of the descending channel.

XRP/USD Forecast and analytics 11 September 2018
XRP/USD Forecast and analytics 11 September 2018

As part of the forecast for September 11, we can wait for a correction and a test of $0.2850, where the probability of continuing the fall of XRP/USD with a target close to $ 0.2400 is high. Expect to accelerate the fall in the price of XRP/USD is with the breakdown of the lower limit of the model “Triangle” and closing below $0.2500.
The cancellation of the fall variant will be accompanied by the strong growth of the upper boundary of the Ichimoku Kinko Hyo Cloud with a close above the $0.3050 area, which indicates a change in the downward trend in favor of the upward trend.

XMR/USD

XMR/USD is trading at $106.19. The coin is traded below the lower boundary of the Cloud of Ichimoku Kinko Hyo, indicating a downward trend. An additional signal in favor of the fall of the cryptocurrency will be a test of the resistance area and a bounce from the upper boundary of the rising channel. Expect the acceleration of the fall in quotes XMR/USD is with the breakdown of the support area and closing below the level of $100.00.

XMR/USD Forecast and analytics 11 September 2018
XMR/USD Forecast and analytics 11 September 2018

As part of the forecast for September 11, you can wait for the development of correction and resistance level test near $110.00, and then further fall of the rate with a potential target near the level of $90.00.
Cancellation of this option will be a breakdown of the upper boundary of the Cloud Ichimoku Kinko Hyo with the closing of quotes above the level of $125.00, which will indicate a change in the downward trend.

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